Genor Biopharma Holdings Limited (HK:6998) has released an update.
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Genor Biopharma Holdings Limited has announced an important license agreement with TRC 2004, Inc. for the exclusive global rights (excluding greater China) to develop and commercialize GB261, a promising novel treatment for autoimmune diseases and B-NHL. The deal includes equity in TRC 2004, an upfront payment in the double-digit millions, potential milestone payments up to $443 million, and royalties on net sales. This collaboration harnesses the Licensee’s expertise in advancing therapeutic technologies, furthering Genor Biopharma’s mission to address unmet medical needs in oncology and immunology.
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